Robinhood IPO underwriter approval dey push crypto pre-IPO signal

Robinhood Securities tok sey dem don receive approval to be IPO underwriter, dem don move from just distributing IPO shares to join di underwriting group. CEO Vlad Tenev post say dem "now approved to serve as an underwriter," but e no name which regulator, and e position di step as natural follow-up to dia 2021 IPO Access program. Crypto traders fit see dis underwriter approval change alongside SpaceX reported plan to offer up to 30% to retail investors, with demand tok say about 4x. Meanwhile, exchange "price discovery rails" dey spread around major listings: Bybit xStocks, Kraken pre-IPO equity tokens, and Coinbase secondary markets. Talos and Coin Metrics report talk say onchain pre-IPO perpetual futures dey use more as demand signals before listings, im mention Hyperliquid-based SpaceX contracts wey get billions in volume and big open interest. Di report also note say pre-IPO futures track di eventual stock open level within ~1%, though dem no go fully decide retail vs institutional allocation. For HYPE, more attention to pre-IPO signaling venues fit support near-term activity.